SPSE records 2million-plus shares exchanging hands in April

A breakdown of market capitalisation by each sector as at April 2019 is illustrated above. Picture: SUPPLIED/SPSE

A TOTAL of 2,450,735 shares exchanged hands in April this year, garnering $5,052,164 in value traded in 157 transactions.

This was revealed by the South Pacific Stock Exchange in its monthly stock trading report released today.

The report also highlighted that the telecommunication and media sector consisting of Amalgamated Telecom Holdings Ltd (ATH), Communications Fiji Ltd (CFL) and Fiji Television Ltd (FTV) represented a 40.97 per cent of the aggregate market value at the end of April, followed by the investment sector with 29.27 per cent occupancy.

According to the SPSE, the third largest contributor to market capitalisation represented by the manufacturers and wholesalers sector tallied at 15.16 per cent while the retail sector stood at 5.79 per cent with the automotive sector standing at 3.34 per cent followed by the finance sector consisting of Kontiki Finance Ltd (KFL) closing at an aggregate market value composition of 2.67 per cent at the end of April.

Meanwhile, the banking sector concluded with 1.57 per cent occupancy whereas the forestry sector concluded with 0.68 per cent occupancy.

Insurance sector represented by FijiCare Insurance Ltd (FIL) shares accounted for 0.38 per cent of the overall market value while the education sector represented by Free Bird Institute Ltd (FBL) shares saw its contribution standing at 0.17 per cent.

The stock exchange stated that a total of 14 listed entities recorded trading activities during April, among which eight stocks recorded price movements (five stocks recorded price gains while three stocks recorded a downward movement in their share prices and the remaining six stocks did not see any share price movements).

More Stories